Social Security Cola 2024 Estimate Increase Date. The latest forecast for next year’s increase is 3.2%. The official 2024 social security cola will be announced by the social security administration on thursday, oct.

A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. The cola for 2025 will be announced in october 2024, based on data from july to september.